22.07.2015 - Technical view on stock indexes

The price of the futures on the American stock index S&P500 could not overcome the highs near 2135 and started to correct downwards. Within the fall the price has overcome an important level of 2120, which was the basis for the continuation of the downward price movement. We expect a continuation of the current downward dynamic to the levels of 2100 and 2070 in the nearest future. Despite this, our medium-term outlook remains negative.

Nearest resistance levels: 2120, 2135, 2150, 2200

Nearest support levels: 2100, 2070, 2045, 2025, 2000, 1975, 1950, 1915, 1900, 1886

The price of the futures on the German stock index DAX30 has broken through the boundary of the local rising channel and reached an important support level at 11600. In case of overcoming this level, we expect a further drop in price to 11400. At the same time, at the moment there is a possibility of rebound of the price upwards. In this case, quotes can continue to grow to 11800 and 12400. Our medium-term outlook remains positive, and we expect the resumption of growth after the current correction.

Nearest resistance levels: 11600, 11800, 11900, 12000, 12400

Nearest support levels: 11400, 11200, 11000, 10800, 10600, 10300, 10000

The price of the futures on the Japanese stock index Nikkei225 after reaching the mark of 20800 has started to decline and returned to the level of 20650, below which is consolidated at the moment. In case of further decline, quotes will drop to 20400 and 20000. The growth of price in the near future is limited by the levels 20950-21000. Our medium-term outlook remains positive, but the fall is likely to continue in near future.

Nearest resistance levels: 20650, 21000, 21500

Nearest support levels: 20400, 20000, 19400, 19200, 19000, 18500, 18100

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